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Mizuho initates Kodiak Gas Services Inc (KGS) rating to an Outperform

Kodiak Gas Services Inc’s recent filing unveils that its insider Hamilton Ewan William unloaded Company’s shares for reported $0.12 million on Nov 21 ’24. In the deal valued at $40.45 per share,3,000 shares were sold. As a result of this transaction, Hamilton Ewan William now holds 31,745 shares worth roughly $1.31 million.

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Then, Ewan Hamiliton bought 3,000 shares, generating $118,200 in total proceeds.

Before that, Frontier TopCo Partnership, L. sold 6,565,217 shares. Kodiak Gas Services Inc shares valued at $218,006,565 were divested by the 10% Owner at a price of $33.21 per share. As a result of the transaction, Frontier TopCo Partnership, L. now holds 44,434,783 shares, worth roughly $1.83 billion.

Mizuho initiated its Kodiak Gas Services Inc [KGS] rating to an Outperform in a research note published on October 02, 2024; the price target was $36. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Redburn Atlantic began covering KGS with “Buy” recommendation on September 19, 2024.

Price Performance Review of KGS

On Friday, Kodiak Gas Services Inc [NYSE:KGS] saw its stock fall -1.65% to $41.17. Over the last five days, the stock has gained 1.81%. Kodiak Gas Services Inc shares have risen nearly 105.03% since the year began. Nevertheless, the stocks have risen 129.49% over the past one year. While a 52-week high of $42.02 was reached on 12/05/24, a 52-week low of $17.52 was recorded on 01/02/24. SMA at 50 days reached $34.39, while 200 days put it at $28.92.

Levels Of Support And Resistance For KGS Stock

The 24-hour chart illustrates a support level at 40.21, which if violated will result in even more drops to 39.25. On the upside, there is a resistance level at 41.97. A further resistance level may holdings at 42.78. The Relative Strength Index (RSI) on the 14-day chart is 72.23, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.13%. Stochastics %K at 90.72% indicates the stock is a selling.

How much short interest is there in Kodiak Gas Services Inc?

A steep rise in short interest was recorded in Kodiak Gas Services Inc stocks on 2024-11-15, growing by 0.16 million shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.46 million shares. There was a rise of 6.14%, which implies that there is a positive sentiment for the stock.

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